Analysts Set Cnova NV (CNV) Target Price at $4.50
Shares of Cnova NV (NASDAQ:CNV) have been given a consensus recommendation of “Hold” by the seven ratings firms that are presently covering the stock. One analyst has rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating on the company. The average 12 month price target among brokers that have covered the stock in the last year is $4.50.
Several equities analysts recently weighed in on the stock. Zacks Investment Research lowered shares of Cnova NV from a “hold” rating to a “sell” rating in a research report on Wednesday, August 24th. Goldman Sachs Group Inc. reaffirmed a “neutral” rating on shares of Cnova NV in a research report on Thursday, November 3rd.
A number of large investors have recently bought and sold shares of CNV. Boussard & Gavaudan Investment Management LLP increased its stake in Cnova NV by 138.4% in the second quarter. Boussard & Gavaudan Investment Management LLP now owns 1,830,594 shares of the company’s stock worth $9,153,000 after buying an additional 1,062,702 shares in the last quarter. Morgan Stanley increased its stake in shares of Cnova NV by 163.8% in the third quarter. Morgan Stanley now owns 1,679,454 shares of the company’s stock valued at $9,018,000 after buying an additional 1,042,828 shares in the last quarter. JPMorgan Chase & Co. purchased a new stake in shares of Cnova NV during the second quarter valued at approximately $418,000. FMR LLC increased its stake in shares of Cnova NV by 4.8% in the second quarter. FMR LLC now owns 1,729,633 shares of the company’s stock valued at $8,562,000 after buying an additional 79,160 shares in the last quarter. Finally, PSquared Asset Management AG purchased a new stake in shares of Cnova NV during the third quarter valued at approximately $230,000. Hedge funds and other institutional investors own 2.37% of the company’s stock.
Shares of Cnova NV (NASDAQ:CNV) opened at 5.47 on Wednesday. The stock has a 50 day moving average of $5.40 and a 200 day moving average of $5.11. The firm’s market cap is $2.41 billion. Cnova NV has a 52-week low of $2.02 and a 52-week high of $5.50.
Cnova NV (NASDAQ:CNV) last announced its earnings results on Wednesday, October 26th. The company reported ($0.02) EPS for the quarter, topping the consensus estimate of ($0.08) by $0.06. Cnova NV had a negative net margin of 14.50% and a negative return on equity of 527.84%. Equities analysts predict that Cnova NV will post ($0.25) EPS for the current fiscal year.
About Cnova NV
Cnova N.V. is an e-commerce company with operations in Europe, Latin America, Asia and Africa. The Company operates in two segments: Cdiscount and Cnova Brazil. Cdiscount segment consists of amounts earned from retail sales of consumer products through Cdiscount.com and monshowroom.com Websites in France and other Websites created by Cdiscount outside of France.
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